<PAGE>

                                    FORM 10-Q

                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

(Mark One)

     |X| QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
                              EXCHANGE ACT OF 1934

                  For the quarterly period ended June 30, 2007
                For the quarterly period ended September 30, 2007

                                       OR

     [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
                              EXCHANGE ACT OF 1934

             For the transition period from ________ to ___________

                         Commission file number: 0-32395

                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 7

                 California                         33-0761517
            (State or other jurisdiction of     (I.R.S. Employer
           incorporation or organization)       Identification No.)

                     17782 Sky Park Circle, Irvine, CA 92614
                    (Address of principle executive offices)

                                 (714) 662-5565
                               (Telephone Number)

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.

Yes ___ No _X_

Indicate by check mark whether the registrant is a large accelerated filer, an
accelerated filer, a non-accelerated filer, or a smaller reporting company. See
the definitions of "large accelerated filer," "accelerated filer" and "smaller
reporting company" in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer___ Accelerated filer___

Non-accelerated filer__X__ Smaller reporting company___


Indicate by check mark whether the registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act).
Yes ___ No _X_


<PAGE>



                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 7
                       (A California Limited Partnership)

                               INDEX TO FORM 10-Q

                  FOR THE QUARTERLY PERIODS ENDED JUNE 30, 2007
                             AND SEPTEMBER 30, 2007

PART I. FINANCIAL INFORMATION

     Item 1. Financial Statements

     Balance Sheets
             As of June 30, 2007, September 30, 2007 and March 31, 2007........3

     Statements of Operations
             For the Three Months Ended June 30, 2007 and 2006.................4
             For the Three and Six Months Ended September 30, 2007 and 2006....5

     Statement of Partners' Equity (Deficit)
             For the Three Months Ended June 30, 2007 .........................6
             For the Six Months Ended September 30, 2007 ......................6

     Statements of Cash Flows
             For the Three Months Ended June 30, 2007 and 2006.................7
             For the Six Months Ended September 30, 2007 and 2006..............8

        Notes to Financial Statements..........................................9

        Item 2. Management's Discussion and Analysis of Financial
             Condition and Results of Operations..............................19

        Item 3. Quantitative and Qualitative Disclosures About Market Risk....21

        Item 4. Controls and Procedures  .....................................21

        Item 4T. Controls and Procedures  ....................................22


PART II. OTHER INFORMATION

     Item 1. Legal Proceedings................................................22

     Item 2. Unregistered Sales of Equity Securities and Use of Proceeds......22

     Item 3. Defaults Upon Senior Securities..................................22

     Item 4. Submission of Matters to a Vote of Security Holders..............22

     Item 5. Other Information................................................22

     Item 6. Exhibits.........................................................22

     Signatures...............................................................23



<PAGE>

<TABLE>
<CAPTION>
<S>     <C>

                                      WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 7
                                            (A California Limited Partnership)

                                                      BALANCE SHEETS
                                                       (UNAUDITED)



                                                                    JUNE 30, 2007     SEPTEMBER 30, 2007    MARCH 31, 2007
                                                                    -------------     ------------------    --------------
ASSETS

Cash                                                                 $   471,195         $   467,969         $   480,463
Investments in Local Limited Partnerships, net (Note 2)                6,117,781           6,049,121           6,432,606
Due from affiliates (Note 5)                                              78,807              78,807              78,807
                                                                     -----------         -----------         -----------

Total Assets                                                         $ 6,667,783         $ 6,595,897         $ 6,991,876
                                                                     ===========         ===========         ===========

LIABILITIES AND PARTNERS' EQUITY (DEFICIT)

Liabilities:
  Due to Local Limited Partnerships                                  $    12,081         $    12,081         $    12,081
  Accrued expenses                                                         5,500              15,265               5,500
  Accrued fees and expenses due to
    General Partner and affiliates (Note 3)                              121,701             125,618             118,179
                                                                     -----------         -----------         -----------
Total Liabilities                                                    $   139,282         $   152,964         $   135,760
                                                                     ===========         ===========         ===========

Partners' equity (deficit):
  General Partner                                                    $   (11,473)        $   (11,559)        $   (11,146)
  Limited Partners (25,000 Partnership Units authorized;
    18,850 Partnership Units issued and outstanding)                   6,539,974           6,454,492           6,867,262
                                                                     -----------         -----------         -----------

                 Total Partners' Equity                                6,528,501           6,442,933           6,856,116
                                                                     -----------         -----------         -----------
                        Total Liabilities and Partners'Equity        $ 6,667,783         $ 6,595,897         $ 6,991,876
                                                                     ===========         ===========         ===========

                                     See accompanying notes to financial statements

                                                            3
<PAGE>


                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 7
                       (A California Limited Partnership)

                            STATEMENTS OF OPERATIONS
                FOR THE THREE MONTHS ENDED JUNE 30, 2007 AND 2006
                                   (UNAUDITED)




                                               2007                2006
                                            -----------         -----------
                                           THREE MONTHS        THREE MONTHS
                                            -----------         -----------
Reporting fees                              $     3,849         $     2,500
                                            -----------         -----------

Operating expenses:
  Amortization (Note 2)                           9,809              13,505
  Asset management fees (Note 3)                 14,614              14,614
  Impairment loss (Note 2)                      247,227             623,012
  Legal and accounting fees                         224               2,042
  Write off of advances to Local
       Limited Partnerships (Note 5)              5,232              13,073
  Other                                           1,433               4,897
                                            -----------         -----------

    Total operating expenses                    278,539             671,143
                                            -----------         -----------

Loss from operations                           (274,690)           (668,643)

Equity in losses of Local
 Limited Partnerships (Note 2)                  (57,789)           (974,224)

Interest income                                   4,864               3,526
                                            -----------         -----------

Net loss                                    $  (327,615)        $(1,639,341)
                                            ===========         ===========

Net loss allocated to:
  General Partner                           $      (327)        $    (1,639)
                                            ===========         ===========

  Limited Partners                          $  (327,288)        $(1,637,702)
                                            ===========         ===========


Net loss per Partnership Unit               $       (17)        $       (87)
                                            ===========         ===========

Outstanding weighted
  Partnership Units                              18,850              18,850
                                            ===========         ===========

                 See accompanying notes to financial statements


                                       4
<PAGE>



                                   WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 7
                                         (A California Limited Partnership)

                                              STATEMENTS OF OPERATIONS
                                     FOR THE THREE MONTHS AND SIX MONTHS ENDED
                                            SEPTEMBER 30, 2007 AND 2006
                                                    (UNAUDITED)


                                                        2007                                      2006
                                           -------------------------------         -------------------------------
                                             THREE                 SIX                THREE               SIX
                                             MONTHS               MONTHS              MONTHS             MONTHS
                                           -----------         -----------         -----------         -----------

Reporting fees                             $     8,769         $    12,618         $    12,500         $    15,000
                                           -----------         -----------         -----------         -----------

Operating expenses:
  Amortization (Note 2)                          9,809              19,618              10,180              23,685
  Asset management fees (Note 3)                14,614              29,228              14,614              29,228
  Impairment loss (Note 2)                          --             247,227                  --             623,012
  Legal and accounting fees                     12,520              12,744               2,831               4,873
  Write off of advances to Local
      Limited Partnerships (Note 5)              2,100               7,332                  --              13,073
  Other                                            485               1,919               1,720               6,617
                                           -----------         -----------         -----------         -----------

    Total operating expenses                    39,528             318,068              29,345             700,488
                                           -----------         -----------         -----------         -----------

Loss from operations                           (30,759)           (305,450)            (16,845)           (685,488)

Equity in losses of Local
 Limited Partnerships (Note 2)                 (57,790)           (115,579)         (1,237,540)         (2,211,764)

Interest income                                  2,982               7,846               3,495               7,021
                                           -----------         -----------         -----------         -----------
 Net loss                                  $   (85,567)        $  (413,183)        $(1,250,890)        $(2,890,231)
                                           ===========         ===========         ===========         ===========

Net loss allocated to:
  General Partner                          $       (86)        $      (413)        $    (1,251)        $    (2,890)
                                           ===========         ===========         ===========         ===========

  Limited Partners                         $   (85,481)        $  (412,770)        $(1,249,639)        $(2,887,341)
                                           ===========         ===========         ===========         ===========

Net loss per
  Partnership Unit                         $        (5)        $       (22)        $       (66)        $      (153)
                                           ===========         ===========         ===========         ===========

Outstanding weighted
  Partnership Units                             18,850              18,850              18,850              18,850
                                           ===========         ===========         ===========         ===========

                                  See accompanying notes to financial statements

                                                         5
<PAGE>


                             WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 7
                                   (A California Limited Partnership)

                                STATEMENTS OF PARTNERS' EQUITY (DEFICIT)
                              FOR THE THREE MONTHS ENDED JUNE 30, 2007, AND
                                 THE SIX MONTHS ENDED SEPTEMBER 30, 2007
                                               (UNAUDITED)


                                FOR THE THREE MONTHS ENDED JUNE 30, 2007

                                                     GENERAL              LIMITED
                                                     PARTNER              PARTNERS            TOTAL
                                                    -----------         -----------         -----------

Partners' equity (deficit) at March 31, 2007        $   (11,146)        $ 6,867,262         $ 6,856,116

Net loss                                                   (327)           (327,288)           (327,615)
                                                    -----------         -----------         -----------


Partners' equity (deficit) at June 30, 2007         $   (11,473)        $ 6,539,974         $ 6,528,501
                                                    ===========         ===========         ===========



                               FOR THE SIX MONTHS ENDED SEPTEMBER 30, 2007

                                                     GENERAL              LIMITED
                                                     PARTNER              PARTNERS            TOTAL
                                                    -----------         -----------         -----------

Partners' equity (deficit) at March 31, 2007        $   (11,146)        $ 6,867,262         $ 6,856,116

Net loss                                                   (413)           (412,770)           (413,183)
                                                    -----------         -----------         -----------


Partners' equity (deficit) at September 30, 2007    $   (11,559)        $ 6,454,492         $ 6,442,933
                                                    ===========         ===========         ===========



                             See accompanying notes to financial statements


                                                   6
<PAGE>



                              WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 7
                                    (A California Limited Partnership)

                                         STATEMENTS OF CASH FLOWS
                            FOR THE THREE MONTHS ENDED JUNE 30, 2007 AND 2006
                                               (UNAUDITED)

                                                                           2007                2006
                                                                        -----------         -----------
Cash flows from operating activities:
  Net loss                                                              $  (327,615)        $(1,639,341)
    Adjustments to reconcile net loss to net
      cash used in operating activities:
        Amortization                                                          9,809              13,505
        Equity in losses of Local Limited Partnerships                       57,789             974,224
        Advances made to Local Limited Partnerships                          (5,232)            (13,073)
        Write off of advances made to Local Limited Partnerships              5,232              13,073
        Impairment loss                                                     247,227             623,012
        Change in accrued  fees and expenses due to
           General Partner and affiliates                                     3,522               8,011
                                                                        -----------         -----------
        Net cash used in operating activities                                (9,268)            (20,589)
                                                                        -----------         -----------

Cash flow provided by investing activities:
      Distributions received from Local Limited Partnerships                     --                  87
                                                                        -----------         -----------
Net cash provided by investing activities                                        --                  87
                                                                        -----------         -----------

Net decrease in cash                                                         (9,268)            (20,502)

Cash, beginning of period                                                   480,463             530,499
                                                                        -----------         -----------

Cash, end of period                                                     $   471,195         $   509,997
                                                                        ===========         ===========

SUPPLEMENTAL DISCLOSURE OF CASH FLOW
   INFORMATION:

   Taxes paid                                                           $        --         $        --
                                                                        ===========         ===========

                             See accompanying notes to financial statements


                                                    7
<PAGE>



                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 7
                       (A California Limited Partnership)

                            STATEMENTS OF CASH FLOWS
              FOR THE SIX MONTHS ENDED SEPTEMBER 30, 2007 AND 2006
                                   (UNAUDITED)

                                                                            2007                2006
                                                                        -----------         -----------
Cash flows from operating activities:
  Net loss                                                              $  (413,183)        $(2,890,231)
    Adjustments to reconcile net loss to net
      cash used in operating activities:
        Amortization                                                         19,618              23,685
        Equity in losses of Local Limited Partnerships                      115,579           2,211,764
        Impairment loss                                                     247,227             623,012
        Advances made to Local Limited Partnerships                          (7,332)            (13,073)
        Write off of advances made to Local Limited Partnerships              7,332              13,073
        Change in accrued expenses                                            9,765                  --
        Change in accrued fees and expenses due to:
           General Partner and affiliates                                     7,439               8,241
                                                                        -----------         -----------
        Net cash used in operating activities                               (13,555)            (23,529)
                                                                        -----------         -----------

Cash flow provided by investing activities:
      Distributions received from Local Limited Partnerships                  1,061              26,191
                                                                        -----------         -----------
Net cash provided by investing activities                                     1,061              26,191
                                                                        -----------         -----------

Net increase (decrease) in cash                                             (12,494)              2,662

Cash, beginning of period                                                   480,463             530,499
                                                                        -----------         -----------

Cash, end of period                                                     $   467,969         $   533,161
                                                                        ===========         ===========

SUPPLEMENTAL DISCLOSURE OF CASH FLOW
   INFORMATION:

   Taxes paid                                                           $        --         $        --
                                                                        ===========         ===========

                             See accompanying notes to financial statements

</TABLE>

                                       8
<PAGE>


                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 7
                       (A California Limited Partnership)

                          NOTES TO FINANCIAL STATEMENTS

      FOR THE QUARTERLY PERIODS ENDED JUNE 30, 2007 AND SEPTEMBER 30, 2007
                                   (UNAUDITED)



NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

GENERAL

The accompanying condensed unaudited financial statements have been prepared in
accordance with accounting principles generally accepted in the United States of
America for interim financial information and with the instructions to Form 10-Q
for quarterly reports under Section 13 or 15(d) of the Securities Exchange Act
of 1934. Accordingly, they do not include all of the information and footnotes
required by accounting principles generally accepted in the United States of
America for complete financial statements. In the opinion of management, all
adjustments (consisting of normal recurring accruals) considered necessary for a
fair presentation have been included. Operating results for the three months
ended June 30, 2007 and six months ended September 30, 2007 are not necessarily
indicative of the results that may be expected for the fiscal year ending March
31, 2008. For further information, refer to the financial statements and
footnotes thereto included in the Partnership's annual report on Form 10-K for
the fiscal year ended March 31, 2007.

ORGANIZATION

WNC Housing Tax Credit Fund VI, L.P., Series 7, a California Limited Partnership
(the "Partnership") was formed under the laws of the State of California on June
16, 1997 and commenced operations on September 3, 1999. The Partnership was
formed to invest primarily in other limited partnerships or limited liability
companies ("Local Limited Partnerships") which own and operate multi-family
housing complexes ("Housing Complexes") that are eligible for Federal low-income
housing tax credits ("Low Income Housing Tax Credits"). The local general
partners (the "Local General Partners") of each Local Limited Partnership retain
responsibility for maintaining, operating and managing the Housing Complexes.
Each Local Limited Partnership is governed by its agreement of limited
partnership (the "Local Limited Partnership Agreement").

The general partner of the Partnership is WNC & Associates, Inc. ("Associates"
or the "General Partner"). The chairman and president of Associates own
substantially all of the outstanding stock of Associates. The business of the
Partnership is conducted primarily through the General Partner, as the
Partnership has no employees of its own.

The Partnership shall continue in full force and effect until December 31, 2060,
unless terminated prior to that date, pursuant to the partnership agreement or
law.

The financial statements include only activity relating to the business of the
Partnership, and do not give effect to any assets that the partners may have
outside of their interests in the Partnership, or to any obligations, including
income taxes, of the partners.

The Partnership Agreement authorized the sale of up to 25,000 units of limited
partnership interest ("Partnership Units") at $1,000 per Partnership Unit. The
offering of Partnership Units has concluded and 18,850 Partnership Units,
representing subscriptions in the amount of $18,828,790, net of dealer discounts
of $21,210 had been accepted. The General Partner has a 0.1% interest in
operating profits and losses, taxable income and losses, cash available for
distribution from the Partnership and Low Income Housing Tax Credits of the
Partnership. The investors (the "Limited Partners") in the Partnership will be
allocated the remaining 99.9% of these items in proportion to their respective
investments.

The proceeds from the disposition of any of the Housing Complexes will be used
first to pay debts and other obligations per the respective Local Limited
Partnership Agreement. Any remaining proceeds will then be paid to the partners
of the Local Limited Partnership, including the Partnership, in accordance with
the terms of the particular Local Limited Partnership Agreement. The sale of a
Housing Complex may be subject to other restrictions and obligations.
Accordingly, there can be no assurance that a Local Limited Partnership will be
able to sell its Housing Complex. Even if it does so, there can be no assurance
that any significant amounts of cash will be distributed to the Partnership.
Should such distributions occur, the Limited Partners will be entitled to
receive distributions from the proceeds remaining after payment of Partnership


                                       9
<PAGE>


                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 7
                       (A California Limited Partnership)

                    NOTES TO FINANCIAL STATEMENTS - CONTINUED
      FOR THE QUARTERLY PERIODS ENDED JUNE 30, 2007 AND SEPTEMBER 30, 2007
                                   (UNAUDITED)


NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, CONTINUED

obligations and funding reserves, equal to their capital contributions and their
return on investment (as defined in the Partnership Agreement). The General
Partner would then be entitled to receive proceeds equal to their capital
contributions from the remainder. Any additional sale or refinancing proceeds
will be distributed 90% to the Limited Partners (in proportion to their
respective investments) and 10% to the General Partner.

RISKS AND UNCERTAINTIES

An investment in the Partnership and the Partnership's investments in Local
Limited Partnerships and their Housing Complexes are subject to risks. These
risks may impact the tax benefits of an investment in the Partnership, and the
amount of proceeds available for distribution to the Limited Partners, if any,
on liquidation of the Partnership's investments. Some of those risks include the
following:

The Low Income Housing Tax Credits rules are extremely complicated.
Noncompliance with these rules results in the loss of future Low Income Housing
Tax Credits and the fractional recapture of Low Income Housing Tax Credits
already taken. In most cases the annual amount of Low Income Housing Tax Credits
that an individual can use is limited to the tax liability due on the person's
last $25,000 of taxable income. The Local Limited Partnerships may be unable to
sell the Housing Complexes at a price which would result in the Partnership
realizing cash distributions or proceeds from the transaction. Accordingly, the
Partnership may be unable to distribute any cash to its Limited Partners. Low
Income Housing Tax Credits may be the only benefit from an investment in the
Partnership.

The Partnership has invested in a limited number of Local Limited Partnerships.
Such limited diversity means that the results of operation of each single
Housing Complex will have a greater impact on the Partnership. With limited
diversity, poor performance of one Housing Complex could impair the
Partnership's ability to satisfy its investment objectives. Each Housing Complex
is subject to mortgage indebtedness. If a Local Limited Partnership failed to
pay its mortgage, it could lose its Housing Complex in foreclosure. If
foreclosure were to occur during the first 15 years, the loss of any remaining
future Low Income Housing Tax Credits, a fractional recapture of prior Low
Income Housing Tax Credits, and a loss of the Partnership's investment in the
Housing Complex would occur. The Partnership is a limited partner or a
non-managing member of each Local Limited Partnership. Accordingly, the
Partnership will have very limited rights with respect to management of the
Local Limited Partnerships. The Partnership will rely totally on the Local
General Partners. Neither the Partnership's investments in Local Limited
Partnerships, nor the Local Limited Partnerships' investments in Housing
Complexes, are readily marketable. To the extent the Housing Complexes receive
government financing or operating subsidies, they may be subject to one or more
of the following risks: difficulties in obtaining tenants for the Housing
Complexes; difficulties in obtaining rent increases; limitations on cash
distributions; limitations on sales or refinancing of Housing Complexes;
limitations on transfers of interests in Local Limited Partnerships; limitations
on removal of Local General Partners; limitations on subsidy programs; and
possible changes in applicable regulations. Uninsured casualties could result in
loss of property and Low Income Housing Tax Credits and recapture of Low Income
Housing Tax Credits previously taken. The value of real estate is subject to
risks from fluctuating economic conditions, including employment rates,
inflation, tax, environmental, land use and zoning policies, supply and demand
of similar properties, and neighborhood conditions, among others.

The ability of Limited Partners to claim tax losses from the Partnership is
limited. The IRS may audit the Partnership or a Local Limited Partnership and
challenge the tax treatment of tax items. The amount of Low Income Housing Tax
Credits and tax losses allocable to the limited partners could be reduced if the
IRS were successful in such a challenge. The alternative minimum tax could
reduce tax benefits from an investment in the Partnership. Changes in tax laws
could also impact the tax benefits from an investment in the Partnership and/or
the value of the Housing Complexes.

No trading market for the Partnership Units exists or is expected to develop.
Limited Partners may be unable to sell their Partnership Units except at a
discount and should consider their Partnership Units to be a long-term



                                       10
<PAGE>


                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 7
                       (A California Limited Partnership)

                    NOTES TO FINANCIAL STATEMENTS - CONTINUED
      FOR THE QUARTERLY PERIODS ENDED JUNE 30, 2007 AND SEPTEMBER 30, 2007
                                   (UNAUDITED)


NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, CONTINUED

investment. Individual Limited Partners will have no recourse if they disagree
with actions authorized by a vote of the majority of Limited Partners.

EXIT STRATEGY

The IRS compliance period for Low-Income Housing Tax Credit properties is
generally 15 years from occupancy following construction or rehabilitation
completion. Associates was one of the first in the industry to offer syndicated
investments in Low Income Housing Tax Credits. The initial programs are
completing their compliance periods. As of September 30, 2007, none of the Local
Limited Partnerships had completed their 15 year compliance period.

With that in mind, the Partnership is continuing its review of the Partnership's
holdings, with special emphasis on the more mature properties including those
that have satisfied the IRS compliance requirements. The review considers many
factors, including extended use requirements (such as those due to mortgage
restrictions or state compliance agreements), the condition of the Housing
Complexes, and the tax consequences to the Limited Partners from the sale of the
Housing Complexes.

Upon identifying those Housing Complexes with the highest potential for a
successful sale, refinancing or syndication, the Partnership expects to proceed
with efforts to liquidate them. The objective is to maximize the Limited
Partners' return wherever possible and, ultimately, to wind down the
Partnership. Local Limited Partnership interests may be disposed of any time by
the General Partner in its discretion. While liquidation of the Housing
Complexes continues to be evaluated, the dissolution of the Partnership was not
imminent as of September 30, 2007. As of September 30, 2007, no Housing
Complexes had been sold or selected for disposition. Subsequent to September 30,
2007 the Partnership has identified one Local Limited Partnership, Lake Village
Apartments, L.P. for disposition.

METHOD OF ACCOUNTING FOR INVESTMENTS IN LOCAL LIMITED PARTNERSHIPS

The Partnership accounts for its investments in Local Limited Partnerships using
the equity method of accounting, whereby the Partnership adjusts its investment
balance for its share of the Local Limited Partnerships' results of operations
and for any contributions made and distributions received. The Partnership
reviews the carrying amount of an individual investment in a Local Limited
Partnership for possible impairment whenever events or changes in circumstances
indicate that the carrying amount of such investment may not be recoverable.
Recoverability of such investment is measured by the estimated value derived by
management, generally consisting of the sum of the remaining future Low Income
Housing Tax Credits estimated to be allocated to the Partnership and the
estimated residual value to the Partnership. If an investment is considered to
be impaired, the Partnership reduces the carrying value of its investment in any
such Local Limited Partnership. The accounting policies of the Local Limited
Partnerships, generally, are expected to be consistent with those of the
Partnership. Costs incurred by the Partnership in acquiring the investments are
capitalized as part of the investment and are being amortized over 30 years.



                                       11
<PAGE>


                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 7
                       (A California Limited Partnership)

                    NOTES TO FINANCIAL STATEMENTS - CONTINUED
      FOR THE QUARTERLY PERIODS ENDED JUNE 30, 2007 AND SEPTEMBER 30, 2007
                                   (UNAUDITED)


NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, CONTINUED

(See Note 2) "Equity in losses of Local Limited Partnerships" for the periods
ended June 30, 2007 and 2006 and September 30, 2007 and 2006, respectively, have
been recorded by the Partnership. Management's estimate for the three and
six-month period is based on either actual unaudited results reported by the
Local Limited Partnerships or historical trends in the operations of the Local
Limited Partnerships. In subsequent annual financial statements, upon receiving
the actual annual results reported by the Local Limited Partnerships, management
reverses its prior estimate and records the actual results reported by the Local
Limited Partnerships. Equity in losses of Local Limited Partnerships allocated
to the Partnership are not recognized to the extent that the investment balance
would be adjusted below zero. As soon as the investment balance reaches zero,
the related costs of acquiring the investment are impaired. If the Local Limited
Partnerships reported net income in future years, the Partnership will resume
applying the equity method only after its share of such net income equals the
share of net losses not recognized during the period(s) the equity method was
suspended (see Note 2).

The Partnership does not consolidate the accounts and activities of the Local
Limited Partnerships, which are considered Variable Interest Entities under
Financial Accounting Standards Board Interpretation No. 46-Revised,
"Consolidation of Variable Interest Entities", because the Partnership is not
considered the primary beneficiary. The Partnership's balance in investments in
Local Limited Partnerships, plus the risk of recapture of tax credits previously
recognized on such investments, represents the maximum exposure to loss in
connection with such investments. The Partnership's exposure to loss on the
Local Limited Partnerships is mitigated by the condition and financial
performance of the underlying Housing Complexes as well as the strength of the
local General Partners and their guarantees against Low Income Housing Tax
Credit recapture.

Distributions received from the Local Limited Partnerships are accounted for as
a reduction of the investment balance. Distributions received after the
investment has reached zero are recognized as distribution income. As of June 30
and September 30, 2007 one investment account in a Local Limited Partnership had
reached a zero balance.

USE OF ESTIMATES

The preparation of financial statements in conformity with accounting principles
generally accepted in the United States of America requires management to make
estimates and assumptions that affect the reported amounts of assets and
liabilities and disclosure of contingent assets and liabilities at the date of
the financial statements, and the reported amounts of revenues and expenses
during the reporting period. Actual results could materially differ from those
estimates.

CASH AND CASH EQUIVALENTS

The Partnership considers all highly liquid investments with an original
maturity of three months or less when purchased to be cash equivalents. For all
periods presented, the Partnership had no cash equivalents.

REPORTING COMPREHENSIVE INCOME

The STATEMENT OF FINANCIAL ACCOUNTING STANDARDS ("SFAS") NO. 130, REPORTING
COMPREHENSIVE INCOME established standards for the reporting and display of
comprehensive income (loss) and its components in a full set of general-purpose
financial statements. The Partnership had no items of other comprehensive income
for all periods presented, as defined by SFAS No. 130.

CONCENTRATION OF CREDIT RISK

At June 30, 2007 and September 30, 2007, the Partnership maintained cash
balances at certain financial institutions in excess of the federally insured
maximum. The Partnership believes it is not exposed to any significant financial
risk on cash.


                                       12
<PAGE>


                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 7
                       (A California Limited Partnership)

                    NOTES TO FINANCIAL STATEMENTS - CONTINUED
      FOR THE QUARTERLY PERIODS ENDED JUNE 30, 2007 AND SEPTEMBER 30, 2007
                                   (UNAUDITED)


NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, CONTINUED

INCOME TAXES

No provision for income taxes has been recorded in the financial statements as
any liability and or benefits for income taxes flows to the partners of the
Partnership and is their obligation and/or benefit. For income tax purposes the
Partnership reports on a calendar year basis.

AMORTIZATION

Acquisition fees and costs are being amortized over 30 years using the
straight-line method. Amortization expense for the three months ended June 30,
2007 and 2006 was $9,809 and $13,505, respectively. For the six months ended
September 30, 2007 and 2006 amortization expense was $19,618 and $23,685,
respectively.

NET LOSS PER PARTNERSHIP UNIT

Net loss per Partnership Unit is calculated pursuant to Statement of Financial
Accounting Standards No. 128, Earnings Per Share. Net loss per Partnership Unit
includes no dilution and is computed by dividing loss allocated to Limited
Partners by the weighted average number of Partnership Units outstanding during
the period. Calculation of diluted net loss per Partnership Unit is not
required.

IMPAIRMENT

A loss in value from a Local Limited Partnership other than a temporary decline
is recorded as an impairment loss. Impairment is measured by comparing the
investment carrying amount to the sum of the total of the remaining Low Income
Housing Tax Credits allocated to the Partnership and the estimated residual
value to the Partnership.

REVENUE RECOGNITION

The Partnership is entitled to receive reporting fees from the Local Limited
Partnerships. The intent of the reporting fees is to offset (in part)
administrative costs incurred by the Partnership in corresponding with the Local
Limited Partnerships. Due to the uncertainty of the collection of these fees,
the Partnership recognizes reporting fees as collections are made.

NOTE 2 - INVESTMENTS IN LOCAL LIMITED PARTNERSHIPS

As of June 30 and September 30, 2007, the Partnership has acquired limited
partnership interests in thirteen Local Limited Partnerships, each of which owns
one Housing Complex consisting of an aggregate of 476 apartment units. The
respective Local General Partners of the Local Limited Partnerships manage the
day to day operations of the entities. Significant Local Limited Partnership
business decisions, as defined, require approval from the Partnership. The
Partnership, as a Limited Partner, is generally entitled to 99.98%, as specified
in the Local Limited Partnership agreements, of the operating profits and
losses, taxable income and losses, and Low Income Housing Tax Credits of the
Local Limited Partnerships.

A loss in value from a Local Limited Partnership other than a temporary decline
is recorded as an impairment loss. Impairment is measured by comparing the
investment carrying amount to the sum of the total amount of the remaining Low
Income Housing Tax Credits allocated to the Partnership and the estimated
residual value to the Partnership. Accordingly, the Partnership recorded an
impairment loss of $247,227 and $623,012, during the three months ended June 30,
2007 and 2006, respectively. There were no additional impairment losses for the
periods ended September 30, 2007 and 2006.


                                       13
<PAGE>


                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 7
                       (A California Limited Partnership)

                    NOTES TO FINANCIAL STATEMENTS - CONTINUED
      FOR THE QUARTERLY PERIODS ENDED JUNE 30, 2007 AND SEPTEMBER 30, 2007
                                   (UNAUDITED)


NOTE 2 - INVESTMENTS IN LOCAL LIMITED PARTNERSHIPS, CONTINUED

The following is a summary of the equity method activity of the investments in
Local Limited Partnerships for the periods presented below:

<TABLE>
<CAPTION>
<S>     <C>

                                                                      FOR THE THREE       FOR THE YEAR
                                                                       MONTHS ENDED           ENDED
                                                                      JUNE 30, 2007       MARCH 31, 2007
                                                                        -----------         -----------
          Investments per balance sheet, beginning of period            $ 6,432,606         $ 9,403,686
          Impairment loss                                                  (247,227)           (623,012)
          Distributions received from Local Limited Partnerships                 --                 (87)
          Equity in losses of Local Limited Partnerships                    (57,789)         (2,304,678)
          Amortization of capitalized acquisition fees and
          costs                                                              (9,809)            (43,303)
                                                                        -----------         -----------
          Investments per balance sheet, end of period                  $ 6,117,781         $ 6,432,606
                                                                        ===========         ===========



                                                                      FOR THE SIX            FOR THE YEAR
                                                                       MONTHS ENDED             ENDED
                                                                    SEPTEMBER 30, 2007     MARCH 31, 2007
                                                                        -----------         -----------
          Investments per balance sheet, beginning of period            $ 6,432,606         $ 9,403,686
          Impairment loss                                                  (247,227)           (623,012)
          Distributions received from Local Limited Partnerships             (1,061)                (87)
          Equity in losses of Local Limited Partnerships                   (115,579)         (2,304,678)
          Amortization of capitalized acquisition fees and
          costs                                                             (19,618)            (43,303)
                                                                        -----------         -----------
          Investments per balance sheet, end of period                  $ 6,049,121         $ 6,432,606
                                                                        ===========         ===========


                                                                           FOR THE THREE MONTHS   FOR THE YEAR
                                                                                  ENDED              ENDED
                                                                               JUNE 30, 2007     MARCH 31, 2007
                                                                                ----------        ----------
          Investments in Local Limited Partnerships, net                        $5,214,770        $5,519,786
          Acquisition fees and costs, net of accumulated amortization of
          $793,489 and $783,680                                                    903,011           912,820
                                                                                ----------        ----------
          Investments per balance sheet, end of period                          $6,117,781        $6,432,606
                                                                                ==========        ==========

                                                                           FOR THE SIX MON        FOR THE YEAR
                                                                                  ENDED              ENDED
                                                                           SEPTEMBER 30, 2007     MARCH 31, 2007
                                                                                ----------        ----------
          Investments in Local Limited Partnerships, net                        $5,155,919        $5,519,786
          Acquisition fees and costs, net of accumulated amortization of
          $803,298 and $783,680                                                    893,202           912,820
                                                                                ----------        ----------
          Investments per balance sheet, end of period                          $6,049,121        $6,432,606
                                                                                ==========        ==========
</TABLE>


                                       14
<PAGE>


                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 7
                       (A California Limited Partnership)

                    NOTES TO FINANCIAL STATEMENTS - CONTINUED
      FOR THE QUARTERLY PERIODS ENDED JUNE 30, 2007 AND SEPTEMBER 30, 2007
                                   (UNAUDITED)


NOTE 2 - INVESTMENTS IN LOCAL LIMITED PARTNERSHIPS, CONTINUED

Selected financial information for the three months ended June 30, 2007 and 2006
from the unaudited combined condensed financial statements of the Local Limited
Partnerships in which the Partnership has invested is as follows:

                   COMBINED CONDENSED STATEMENTS OF OPERATIONS

                                                      2007              2006
                                                   -----------      ------------
         Revenues                                  $   792,000      $   820,000
                                                   -----------      -----------
         Expenses:
           Interest expense                            213,000          230,000
           Depreciation and amortization               268,000          272,000
           Impairment expense                             --            837,000
           Operating expenses                          460,000          455,000
                                                   -----------      -----------
             Total expenses                            941,000        1,794,000
                                                   -----------      -----------


         Net loss                                  $  (149,000)     $  (974,000)
                                                   ===========      ===========
                                                   $  (154,000)     $  (974,000)
         Net loss allocable to the Partnership
                                                   ===========      ===========
         Net loss recorded by the Partnership      $   (58,000)     $  (974,000)
                                                    ===========      ===========

Selected financial information for the six months ended September 30, 2007 and
2006 from the unaudited combined condensed financial statements of the Local
Limited Partnerships in which the Partnership has invested is as follows:

                   COMBINED CONDENSED STATEMENTS OF OPERATIONS

                                                     2007               2006
                                                  -----------      -----------
         Revenues                                 $ 1,585,000      $ 1,641,000
                                                  -----------      -----------
         Expenses:
           Interest expense                           427,000          460,000
           Depreciation and amortization              535,000          544,000
            Impairment expense                             --        1,674,000
           Operating expenses                         920,000          910,000
                                                  -----------      -----------
         Total expenses                             1,882,000        3,588,000
                                                  -----------      -----------

         Net loss                                 $  (297,000)     $(1,947,000)
                                                  ===========      ===========

         Net loss allocable to the Partnership    $  (308,000)     $(1,947,000)
                                                  ===========      ===========
         Net loss recorded by the Partnership     $  (116,000)     $(2,212,000)
                                                  ===========      ===========

Certain Local Limited Partnerships have incurred significant operating losses
and/or have working capital deficiencies. In the event these Local Limited
Partnerships continue to incur significant operating losses, additional capital
contributions by the Partnership and/or the Local General Partners may be
required to sustain the operations of such Local Limited Partnerships. If
additional capital contributions are not made when they are required, the
Partnership's investment in certain of such Local Limited Partnerships could be
impaired, and the loss and recapture of the related Low Income Housing Tax
Credits could occur.



                                       15
<PAGE>


                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 7
                       (A California Limited Partnership)

                    NOTES TO FINANCIAL STATEMENTS - CONTINUED
      FOR THE QUARTERLY PERIODS ENDED JUNE 30, 2007 AND SEPTEMBER 30, 2007
                                   (UNAUDITED)


NOTE 3 - RELATED PARTY TRANSACTIONS

Under the terms of the Partnership Agreement, the Partnership has paid or is
obligated to the General Partner or its affiliates the following fees:

(a)      Acquisition fees of up to 7% of the gross proceeds from the sale of
         Partnership Units as compensation for services rendered in connection
         with the acquisition of Local Limited Partnerships. At the end of all
         periods presented, the Partnership incurred acquisition fees of
         $1,319,500. Accumulated amortization of these capitalized costs was
         $426,298, $416,489, and $406,680 as of September 30, 2007, June 30,
         2007 and March 31, 2007, respectively.

(b)      Reimbursement of costs incurred by the General Partner or an affiliate
         of Associates in connection with the acquisition of Local Limited
         Partnerships. These reimbursements have not exceeded 2% of the gross
         proceeds. As of the end of all periods presented, the Partnership
         incurred acquisition costs of $377,000, which have been included in
         investments in Local Limited Partnerships. The acquisitions costs were
         fully amortized for all periods presented.

(c)      An annual asset management fee in an amount not to exceed 0.2% of the
         Invested Assets of the Partnership, as defined. "Invested Assets" means
         the sum of the Partnership's investment in Local Limited Partnerships
         and the Partnership's allocable share of mortgage loans on and other
         debts related to the Housing Complexes owned by such Local Limited
         Partnerships. Asset management fees of $14,614 were incurred during
         each of the three months ended June 30, 2007 and 2006. For each of the
         six months ended September 30, 2007 and 2006, the Partnership incurred
         asset management fees of $29,228. The Partnership paid the General
         Partner or its affiliates $11,250 and $10,024, of those fees during the
         three months ended June 30, 2007 and 2006, respectively, and for the
         six months ended September 30, 2007 and 2006 the Partnership paid
         $22,500 and $20,084, respectively, of those fees.

(d)      A subordinated disposition fee in an amount equal to 1% of the sales
         price of real estate sold. Payment of this fee is subordinated to the
         Limited Partners receiving a preferred return of 12% through December
         31, 2008 and 6% thereafter (as defined in the Partnership Agreement)
         and is payable only if the General Partner or its affiliates render
         services in the sales effort. No such fee was incurred for all periods
         presented.

(e)      The Partnership reimburses the General Partner or its affiliates for
         operating expenses incurred on behalf of the Partnership. Operating
         expense reimbursements were $0 during each of the three months ended
         June 30, 2007 and 2006. For the six months ended September 30, 2007 and
         2006, the Partnership reimbursed $2,688 and $8,892, respectively.

The accrued fees and expenses due to General Partner and affiliates consisted of
the following at:

                                            JUNE 30,   SEPTEMBER 30,   MARCH 31,
                                              2007         2007           2007
                                            --------     --------       --------

        Accrued asset management fees       $119,028     $122,392       $115,664
        Payable to Local Limited
         Partnerships                             64           64             64
        Expenses paid by the General
           Partners or affiliates on
           behalf of the Partnership           2,609        3,162          2,451
                                            --------     --------       --------
               Total                        $121,701     $125,618       $118,179
                                            ========     ========       ========


                                       16
<PAGE>


                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 7
                       (A California Limited Partnership)

                    NOTES TO FINANCIAL STATEMENTS - CONTINUED
      FOR THE QUARTERLY PERIODS ENDED JUNE 30, 2007 AND SEPTEMBER 30, 2007
                                   (UNAUDITED)


NOTE 3 - RELATED PARTY TRANSACTIONS, CONTINUED

The General Partner and/or its affiliates do not anticipate that these accrued
fees will be paid in full until such time as capital reserves are in excess of
future foreseeable working capital requirements of the Partnership.

NOTE 4 - PAYABLES TO LOCAL LIMITED PARTNERSHIPS

Payables to Local Limited Partnerships represent amounts which are due at
various times based on conditions specified in the Local Limited Partnership
agreements. These contributions are payable in installments and are generally
due upon the Local Limited Partnerships achieving certain operating and
development benchmarks (generally within two years of the Partnership's initial
investment). As of all the periods presented, $12,081 remains payable to the
Local Limited Partnerships.

NOTE 5 - DUE FROM AFFILIATES

One Local Limited Partnership, Lake Village Apartments, L.P., ("Lake Village")
(see Note 6 below) has experienced operational issues and as such the
Partnership has made advances which totaled $184,504 and $182,404 as of
September 30, 2007 and June 30, 2007, respectively. During the three months
ended June 30, 2007 $5,232 in advances were made and during the six months ended
September 30, 2007 an additional $2,100 were made to Lake Village. As of
September 30, 2007 the total advances made to Lake Village were $184,504 all of
which had been reserved against since it was determined that they were
uncollectible.

At September 30, 2007, June 30, 2007, and March 31, 2007, loans receivable of
$78,807, $78,807, and $78,807, were due from Local Limited Partnerships in which
the Partnership owns a 99.98% interest. At September 30, 2007, June 30, 2007,
and March 31, 2007, one of the loans in the amount of $78,807, $78,807, and
$78,807, is in the form of a 20 year promissory note, is subordinate to the
first mortgage on the respective property, due in full on August 30, 2022 and
earns interest at a rate of 8% per annum. That note is due from one Local
Limited Partnership, ACN Southern Hills II, L.P. ("Southern Hills"), in which
the Partnership owns a 99.98% interest. Southern Hills had a construction loan
payable aggregating approximately $1,100,000 as of December 31, 2001, which was
due in March 2002 and was not repaid at that time. In September 2002 the $1.1
million loan was refinanced. The General Partner paid off $557,000 of the loan
with investment money received from the Partnership. The remaining balance was
converted to a $463,000 first mortgage with a bank and a $80,000 promissory note
due in 20 years to the Partnership. The Partnerships loan is subordinate to the
first mortgage and requires payments to be made monthly and at the end of the
year from available cash flow. The Partnership expects this loan to be
collectible in full. No payments have been made since October 2004 due to the
fact that the mortgage note had covenants that the DCR could not be below 1.20
and if payments on this note were made the DCR would have been below 1.20. The
original first mortgage note has since been refinanced and the management
company was changed. With these two factors in consideration the Local Limited
Partnership is cash flowing and is expected to make a payment on the promissory
note during the Partnership's third quarter.

NOTE 6 - COMMITMENTS, CONTINGENCIES AND SUBSEQUENT EVENTS

During the year ended March 31, 2002, WNC, the General Partner of the
Partnership was advised that Lake Village Apartments, a Local Limited
Partnership, was in default of certain covenants relating to certain loans
advanced for the construction of the apartments. The defaults were primarily
caused by the general contractor failing to complete the construction of the
development according to the terms of the Lake Village Apartment's loans. As a
result of the foregoing, on June 30, 2002, the General Partner of Lake Village
Apartments was replaced by an entity wholly owned by two minority shareholders
and officers of Associates and a workout agreement was executed with the lender
(the "Agreement"), whereby the General Partner of Lake Village Apartments was
replaced by the aforementioned entity. Pursuant to the terms of the Agreement,
the new general partner would contribute additional equity to the Local Limited
Partnership if necessary, a new general contractor would complete the
construction of the development, and the lender, upon satisfaction of certain
conditions of the Agreement as defined, would continue to fund the completion of
the construction and other costs. In addition, pursuant to the Agreement, the
Partnership Agreement was amended, and the Partnership committed and paid
additional capital contributions of $855,628 as a result of obtaining additional





                                       17
<PAGE>


                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 7
                       (A California Limited Partnership)

                    NOTES TO FINANCIAL STATEMENTS - CONTINUED
      FOR THE QUARTERLY PERIODS ENDED JUNE 30, 2007 AND SEPTEMBER 30, 2007
                                   (UNAUDITED)


NOTE 6 - COMMITMENTS, CONTINGENCIES AND SUBSEQUENT EVENTS, CONTINUED


Low Income Housing Tax Credits. Construction of the development was completed as
of June 2002, at which time all construction loans converted to permanent
financing.

Beginning in November 2005 the Lake Village Apartments are being managed by the
Henry County Housing Development Group, Inc. (HCHD). HCHD is the local housing
authority serving Kewanee, Illinois. HCHD currently manages numerous apartment
units in Kewanee and brings substantial knowledge of property management and
knowledge of the local community. HCHD also administers the tenant housing
choice voucher program and may be able to provide Lake Village occupants with
rental assistance payments to help defer the cost of their rent thereby making
it more attractive for a prospective tenant to remain at Lake Village. As of
June 2008, the Partnership has advanced Lake Village approximately $184,504 all
of whose have been fully reserved and written off as bad debt as management has
deemed the collectability to be questionable. These advances were used to fund
certain recurring and nonrecurring operating expenses consisting primarily of
property taxes and insurance.

Beginning in April 2006, Lake Village Apartments did not make its regularly
schedule principal and interest payment to the mortgage holder, Illinois
Development Housing Authority (IHDA) and began negotiations with IHDA at that
time to restructure the debt. These negotiations have continued through April
2008 and during that period, no principal and interest payments have been made.
IHDA has expressed that they have no interest in restructuring the mortgage and
have proposed that Lake Village Apartments pay $1,250,000 to IHDA in full and
final satisfaction of their existing first and second mortgages. The General
Partner is pursuing a sale of the Lake Village Apartments to meet IHDA's request
in order to avoid a foreclosure and recapture event to the investors. An
appraisal received in April 2008 indicates current market value of $480,000. If
the General Partner is unable to consummate a sale of this asset, IHDA could
institute a foreclosure procedure and the Housing Complex could be lost, thereby
creating a recapture event for the previous Low Income Housing Tax Credits
claimed to date. Although the General Partner is actively pursuing a sale, there
is no assurance this will occur.

                                       18
<PAGE>



ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS

FORWARD LOOKING STATEMENTS

With the exception of the discussion regarding historical information, this
"Management's Discussion and Analysis of Financial Condition and Results of
Operations" and other discussions elsewhere in this Form 10-Q contain forward
looking statements. Such statements are based on current expectations subject to
uncertainties and other factors which may involve known and unknown risks that
could cause actual results of operations to differ materially from those
projected or implied. Further, certain forward-looking statements are based upon
assumptions about future events which may not prove to be accurate.

Risks and uncertainties inherent in forward looking statements include, but are
not limited to, the Partnership's future cash flows and ability to obtain
sufficient financing, level of operating expenses, conditions in the Low Income
Housing Tax Credit property market and the economy in general, as well as legal
proceedings. Historical results are not necessarily indicative of the operating
results for any future period.

Subsequent written and oral forward looking statements attributable to the
Partnership or persons acting on its behalf are expressly qualified in their
entirety by cautionary statements in this Form 10-Q and in other reports filed
with the Securities and Exchange Commission. The following discussion should be
read in conjunction with the Financial Statements and the Notes thereto included
elsewhere in this filing.

The following discussion and analysis compares the results of operations for the
three months ended June 30, 2007 and 2006 and the three and six months ended
September 30, 2007 and 2006, and should be read in conjunction with the combined
condensed financial statements and accompanying notes included within this
report.

FINANCIAL CONDITION

The Partnership's assets at June 30, 2007 consisted of $471,000 in cash,
aggregate investments in the thirteen Local Limited Partnerships of $6,118,000
and due from affiliates of $79,000. Liabilities at June 30, 2007 consisted of
$122,000 of accrued fees and expenses due to the General Partner and affiliates,
$12,000 due to Local Limited Partnerships and accrued expenses of $5,500.

The Partnership's assets at September 30, 2007 consisted of $468,000 in cash,
aggregate investments in the thirteen Local Limited Partnerships of $6,049,000
and due from affiliates of $79,000. Liabilities at September 30, 2007 consisted
of $126,000 of accrued fees and expenses due to the General Partner and
affiliates, $12,000 due to Local Limited Partnerships and accrued expenses of
$15,000.

RESULTS OF OPERATIONS

THREE MONTHS ENDED JUNE 30, 2007 COMPARED TO THREE MONTHS ENDED JUNE 30, 2006.
The Partnership's net loss for the three months ended June 30, 2007 was
$(328,000), reflecting a decrease of approximately $1,311,000 from the net loss
of $(1,639,000) for the three months ended June 30, 2006. The decrease in net
loss was partially due to the decrease in impairment loss of $376,000. The
impairment loss can vary each year depending on the annual decrease in Low
Income Housing Tax Credits allocated to the Partnership and the current
estimated residual value to the Partnership compared to the current carrying
value to the Partnership. The equity in losses of Local Limited Partnerships
decreased by $916,000 to $(58,000) for the three months ended June 30, 2007 from
$(974,000) for the three months ended June 30, 2006. That decrease is primarily
due to an impairment expense from one Local Limited Partnership, Lake Village
Apartment L.P. The fiscal year-end 12/31/2006 audited financial statements for
this Local Limited Partnership had approximately $3,348,000 in impairment
expense. The independent accounting firm for this Local Limited Partnership
determined that the Housing Complex was impaired by that amount. Therefore, a
portion of the expense was recognized by the Partnership in the form of equity
in losses from Local Limited Partnerships for the three months ended June 30,
2006 compared to no impairment expense included in equity in losses of Local

                                       19
<PAGE>

Limited Partnerships for the three months ended June 30, 2007. The amortization
expense also decreased by $4,000 due to the fact that the impairment expense
from Lake Village brought the investment balance to zero and as such the
acquisition costs and fees associated with that Local Limited Partnerships were
written down to zero therefore reducing amortization expense. The reporting fees
increased by $1,000 for the three months ended June 30, 2007 compared to the
three months ended June 30, 2006 due to the fact that Local Limited Partnerships
pay the reporting fees to the Partnership when the Local Limited Partnership's
cash flow will allow for the payment. There was a decrease of $8,000 in bad debt
expense for the three months ended June 30, 2007 due to an advance being made
during the three months ended June 30, 2006 in the amount of $13,000 and
reserved for in the same quarter compared to $5,000 advanced and reserved in the
three months ended June 30, 2007. A Local Limited Partnership was experiencing
some operational issues and the Partnership advanced the funds that were
necessary. The accounting and legal expenses decreased by $2,000 for the three
months ended June 30, 2007 compared to the three months ended June 30, 2006,
with the difference being a timing issue. The other operating expenses also
decreased by $3,000 and interest income increased by $1,000.

THREE MONTHS ENDED SEPTEMBER 30, 2007 COMPARED TO THE THREE MONTHS ENDED
SEPTEMBER 30, 2006 The Partnership's net loss for the three months ended
September 30, 2007 was $(86,000), reflecting a decrease of approximately
$1,165,000 from the net loss of $(1,251,000) for the three months ended
September 30, 2006. This is partially due to equity in losses of Local Limited
Partnerships decreasing by $1,180,000 to $(58,000) for the three months ended
September 30, 2007 from $(1,238,000) for the three months ended September 30,
2006. That decrease is primarily due to an impairment expense from one Local
Limited Partnership, Lake Village Apartment L.P. The fiscal year-end 12/31/2006
audited financial statements for this Local Limited Partnership had
approximately $3,348,000 in impairment expense as it was determined by its
independent accounting firm that the Housing Complex was considered impaired by
that amount. Therefore, a portion of the expense was recognized by the
Partnership in the form of equity in losses from Local Limited Partnerships for
the three months ended September 30, 2006 compared to no such expense for the
three months ended September 30, 2007. The reporting fees decreased by $(4,000)
for the three months ended September 30, 2007 compared to the three months ended
September 30, 2006 due to the fact that Local Limited Partnerships pay the
reporting fees to the Partnership when the Local Limited Partnership's cash flow
will allow for the payment. There was an increase of $(2,000) in bad debt
expense for the three months ended September 30, 2007 due to an advance being
made during the three months ended September 30, 2007 in the amount of $2,000
and reserved for in the same quarter compared to $0 advanced and reserved in the
three months ended September 30, 2006. A Local Limited Partnership was
experiencing some operational issues and the Partnership advanced the funds that
were necessary. The accounting and legal expenses increased by $(10,000) for the
three months ended September 30, 2007 compared to the three months ended
September 30, 2006, with the difference due to when the work is performed.
Additionally, other operating expenses decreased by $1,000.

SIX MONTHS ENDED SEPTEMBER 30, 2007 COMPARED TO THE SIX MONTHS ENDED SEPTEMBER
30, 2006 The Partnership's net loss for the six months ended September 30, 2007
was $(413,000), reflecting a decrease of approximately $2,477,000 from the net
loss of $(2,890,000) for the six months ended September 30, 2006. This is
partially due to equity in losses of Local Limited Partnerships decreasing by
$2,096,000 to $(116,000) for the six months ended September 30, 2007 from
$(2,212,000) for the six months ended September 30, 2006. That decrease is
primarily due to an impairment expense from one Local Limited Partnership, Lake
Village Apartment L.P. The fiscal year-end 12/31/2006 audited financial
statements for this Local Limited Partnership had approximately $3,348,000 in
impairment expense as it was determined by its independent accounting firm that
the Housing Complex was considered impaired by that amount. Therefore, a portion
of the expense was recognized by the Partnership in the form of equity in losses
from Local Limited Partnerships for the six months ended September 30, 2006
compared to no such expense for the six months ended September 30, 2007. The
amortization expense also decreased by $4,000 due to the fact that the
impairment expense from Lake Village brought the investment balance to zero and
as such the acquisition costs and fees associated with that Local Limited
Partnerships were written down to zero therefore reducing amortization expense.
The decrease in net loss was also due to the decrease in impairment loss of
$376,000. The impairment loss can vary each year depending on the annual
decrease in Low Income Housing Tax Credits allocated to the Partnership and the
current estimated residual value to the Partnership compared to the current
carrying value to the Partnership. There was also a decrease is the reporting
fees of $(2,000) for the six months ended September 30, 2007 compared to the six
months ended September 30, 2006 due to the fact that Local Limited Partnerships
pay the reporting fees to the Partnership when the Local Limited Partnership's
cash flow will allow for the payment. There was a decrease of $6,000 in bad debt

                                       20
<PAGE>

expense for the six months ended September 30, 2007 due to an advance being made
during the six months ended September 30, 2006 in the amount of $13,000 and
reserved for in the same period compared to $7,000 advanced and reserved in the
six months ended September 30, 2007. A Local Limited Partnership was
experiencing some operational issues and the Partnership advanced the funds that
were necessary. The other operating expenses also decreased by $5,000. The
accounting and legal expenses increased by $(8,000) for the six months ended
September 30, 2007 compared to the six months ended September 30, 2006, with the
difference due to when the work is performed. Interest income also increased by
$1,000.

CAPITAL RESOURCES AND LIQUIDITY

THREE MONTHS ENDED JUNE 30, 2007 COMPARED TO THREE MONTHS ENDED JUNE 30, 2006
Net cash used during the three months ended June 30, 2007 was $(9,000), compared
to net cash used during the three months ended June 30, 2006 of $(21,000),
reflecting a change of $12,000. The change was due to the Partnership advancing
$13,000 in funds to a Local Limited Partnership for the three months ended June
30, 2006 compared to only $5,000 being advanced to the same Local Limited
Partnership during the three months ended June 30, 2007. Additionally the
Partnership collected approximately $4,000 in reporting fees from Local Limited
Partnerships for the three months ended June 30, 2007 compared to $2,000 for the
three months ended June 30, 2006.

SIX MONTHS ENDED SEPTEMBER 30, 2007 COMPARED TO SIX MONTHS ENDED SEPTEMBER 30,
2006 Net cash used during the six months ended September 30, 2007 was $(12,000),
compared to net cash provided during the six months ended September 30, 2006 of
$2,000, reflecting a change of $(14,000). During the six months ended September
30, 2007 the reporting fees collected by the Partnership were $(2,000) less than
the reporting fees collected during the six months ended September 30, 2006.
Additionally, during the six months ended September 30, 2007 the Partnership
reimbursed the General Partner or an affiliate $(25,000) for accrued asset
management fees and reimbursement of expenses paid on its behalf compared to
$(29,000) for the six months ended September 30, 2006. The change was also due
to the Partnership advancing $13,000 in funds to a Local Limited Partnership for
the six months ended September 30, 2006 compared to only $7,000 being advanced
to the same Local Limited Partnership during the three months ended September
30, 2007. During the six months ended September 30, 2007 the distributions
collected by the Partnership were $(1,000), compared to distributions collected
during the six months ended September 30, 2006 of $(26,000).

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

         NOT APPLICABLE

ITEM 4.  CONTROLS AND PROCEDURES

As of the end of the period covered by this report, the Partnership's General
Partner, under the supervision and with the participation of the Chief Executive
Officer and Chief Financial Officer of Associates carried out an evaluation of
the effectiveness of the Fund's "disclosure controls and procedures" as defined
in Securities Exchange Act of 1934 Rule 13a-15 and 15d-15. Based on that
evaluation, the Chief Executive Officer and Chief Financial Officer have
concluded that as of the end of the period covered by this report, the
Partnership's disclosure controls and procedures were adequate and effective in
timely alerting them to material information relating to the Partnership
required to be included in the Partnership's periodic SEC filings.

Changes in internal controls. There were no changes in the Partnership's
internal control over financial reporting that occurred during the quarters
ended June 30, 2007 and September 30, 2007 that materially affected, or are
reasonably likely to materially affect, the Partnership's internal control over
financial reporting.



                                       21
<PAGE>


ITEM 4T.  CONTROLS AND PROCEDURES

This annual report does not include an attestation report of the Partnership's
registered public accounting firm regarding internal control over financial
reporting. Management's report was not subject to attestation by the
Partnership's registered public accounting firm pursuant to temporary rules of
the Securities and Exchange Commission that permit the Partnership to provide
only management's report in this annual report.

PART II. OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS

         NONE

ITEM 2.  UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

         NONE

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES

         NONE

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

         NONE

ITEM 5.  OTHER INFORMATION

         NONE

ITEM 6.   EXHIBITS

31.1     Certification of the Principal Executive Officer pursuant to Rule
         13a-14 and 15d-14, as adopted pursuant to section 302 of the
         Sarbanes-Oxley Act of 2002. (filed herewith)

31.2     Certification of the Principal Financial Officer pursuant to Rule
         13a-14 and 15d-14, as adopted pursuant to section 302 of the
         Sarbanes-Oxley Act of 2002. (filed herewith)

32.1     Section 1350 Certification of the Chief Executive Officer. (filed
         herewith)

32.2     Section 1350 Certification of the Chief Financial Officer. (filed
         herewith)



                                       22
<PAGE>


Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 7

By:      WNC & Associates, Inc.,
         General Partner




By: /S/ WILFRED N. COOPER, JR.
   ---------------------------
   Wilfred N. Cooper, Jr.
   President and Chief Executive
   Officer of WNC & Associates, Inc.

Date: July 24, 2008




By:  /S/ THOMAS J. RIHA
    ---------------------
    Thomas J. Riha
    Senior Vice-President - Chief Financial
    Officer of WNC & Associates, Inc.

Date: July 24, 2008



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